Oracle Corporation (NYSE:ORCL) Shares Sold by Worth Financial Advisory Group LLC

Worth Financial Advisory Group LLC cut its position in Oracle Corporation (NYSE:ORCL) by 64.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,154 shares of the enterprise software provider’s stock after selling 3,907 shares during the period. Worth Financial Advisory Group LLC’s holdings in Oracle were worth $301,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Cookson Peirce & Co. Inc. grew its holdings in Oracle by 4.4% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider’s stock valued at $237,000 after buying an additional 60 shares during the last quarter. New England Capital Financial Advisors LLC grew its holdings in Oracle by 6.4% during the 4th quarter. New England Capital Financial Advisors LLC now owns 1,061 shares of the enterprise software provider’s stock valued at $177,000 after buying an additional 64 shares during the last quarter. Cape ANN Savings Bank grew its holdings in Oracle by 1.1% during the 4th quarter. Cape ANN Savings Bank now owns 5,820 shares of the enterprise software provider’s stock valued at $970,000 after buying an additional 65 shares during the last quarter. Greenwood Gearhart Inc. grew its holdings in Oracle by 1.2% during the 4th quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider’s stock valued at $955,000 after buying an additional 66 shares during the last quarter. Finally, WorthPointe LLC grew its holdings in Oracle by 4.0% during the 4th quarter. WorthPointe LLC now owns 1,734 shares of the enterprise software provider’s stock valued at $289,000 after buying an additional 67 shares during the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on ORCL shares. Guggenheim increased their target price on Oracle from $220.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday. Barclays reiterated an “overweight” rating and set a $221.00 target price (up previously from $202.00) on shares of Oracle in a report on Friday, June 13th. Stifel Nicolaus increased their target price on Oracle from $150.00 to $180.00 and gave the company a “hold” rating in a report on Thursday, June 12th. Royal Bank Of Canada raised their price objective on Oracle from $145.00 to $195.00 and gave the stock a “sector perform” rating in a report on Thursday, June 12th. Finally, Monness Crespi & Hardt upgraded Oracle from a “sell” rating to a “neutral” rating in a report on Monday, March 3rd. Eleven research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $196.74.

Insider Activity at Oracle

In other news, Director Naomi O. Seligman sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the transaction, the director now directly owns 34,630 shares of the company’s stock, valued at approximately $5,049,400.30. This represents a 5.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Leon E. Panetta sold 17,500 shares of the company’s stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total value of $2,646,700.00. Following the transaction, the director now directly owns 58,090 shares of the company’s stock, valued at $8,785,531.60. This trade represents a 23.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 442,366 shares of company stock valued at $83,395,223 over the last three months. 42.20% of the stock is owned by insiders.

Oracle Stock Down 2.8%

Shares of Oracle stock opened at $205.06 on Friday. The company has a quick ratio of 1.02, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. The firm has a market cap of $573.53 billion, a P/E ratio of 47.25, a P/E/G ratio of 3.16 and a beta of 1.32. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $216.60. The business has a 50-day moving average price of $160.39 and a 200 day moving average price of $161.52.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.06. The firm had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. Oracle’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.63 earnings per share. On average, sell-side analysts forecast that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.98%. The ex-dividend date is Thursday, July 10th. Oracle’s dividend payout ratio is currently 46.08%.

About Oracle

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.